FPT and UOB sign MoU for APAC Financial Innovation

FPT and UOB have signed an agreement to develop AI-first banking models and digital transformation across the APAC region

Global technology corporation FPT and United Overseas Bank (UOB) have signed a Memorandum of Understanding (MoU) to explore strategic collaboration opportunities in AI, digital transformation and financial services innovation.

The agreement was exchanged at the Vietnam – Singapore Tech Connect Forum during an official visit to Singapore by H.E. To Lam, the General Secretary of the Communist Party of Viet Nam and State President.

This includes advancing digital banking platforms, legacy modernisation, payments, digital lending, embedded finance and pilot initiatives in Vietnam and other regional markets. 

The collaboration will further support cross-border financial services, enterprise expansion and the development of more connected, innovation-driven financial ecosystems.

The detailed plan of the MoU – including pilot scope, implementation roadmap, governance model and expected outcomes – is soon to be finalised. 

Driving cross-border connectivity

Singapore and the wider APAC region have been among FPT’s strategic markets. Headquartered in Vietnam, the technology and digital transformation company brings engineering expertise across AI, cloud, data, automation and modernisation to over 500 enterprises.

David Nguyen, CEO of FPT Asia Pacific, FPT Corporation says: “The future of financial services will be shaped by how effectively institutions scale AI, modernise digital platforms, and strengthen cross-border connectivity. 

“Together with UOB, we aim to build more scalable, AI-first models while opening stronger pathways for innovation, enterprise growth, and ecosystem connectivity across Vietnam, Singapore and the wider APAC region.”

This footprint complements UOB’s regional banking network and supports its transformation ambitions to accelerate the adoption of advanced technologies, including generative and agentic AI, to enhance productivity, risk management and customer experience across the bank.

Building a future-ready bank

The collaboration builds on UOB’s longstanding support for Vietnam’s development through continued investment in its local franchise, while strengthening its role as a connector of businesses and opportunities across ASEAN.

Mr Lawrence Goh, Head of Technology and Operations, UOB, notes: “This MoU reflects UOB’s strategic intent to build a future-ready bank through strong technology foundations, responsible AI and purposeful partnerships. 

“Together with FPT, we will explore practical opportunities to modernise our architecture, improve development productivity, scale AI responsibly and develop innovative solutions that create long-term value for our customers and businesses.”

The commercial focus remains on driving productivity and architectural modernisation through responsible technological integration. UOB and FPT’s collaboration will further drive innovation and support growth across Vietnam and the region.